Lisa McAuley - Monday, November 16, 2009
Australia continues to lead the global economic recovery with the Reserve Bank of Australia being the first to increase interest rates which are currently sitting at 3.5%. The persistent widening of the interest rate differential between Australia and the U.S in addition to lower than expected local unemployment has seen interest rate markets price in further rises with some predicting a more neutral rate around 5.5% by end of 2010. As a consequence the Aussie traded as high as 93 cents with more upside likely in coming weeks and months as confidence in Asia and Australia recovery story gathering momentum.
Download full report here
- Trackback Link
- http://www.aiex.com.au/BlogRetrieve.aspx?BlogID=2945&PostID=48022&A=Trackback
- Trackbacks
- Post has no trackbacks.
Comments